REG - Chrysalis Invs Ltd - Portfolio Update

Chrysalis InvestmentsAnnouncement

17/05/2024 07:00

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RNS Number : 8196O  Chrysalis Investments Limited  17 May 2024

The information contained in this announcement is restricted and is not for
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South Africa.

 

 

17 May 2024

 

 

Chrysalis Investments Limited ("Chrysalis" or the "Company")

 

Portfolio Update

 

The Company notes a news article published by Sky News on 16 May 2024
regarding one of its portfolio companies, wefox.

 

The Investment Adviser has been in discussions with wefox management and other
shareholders for a number of months. A plan has been put in place to simplify
wefox's business model to drive the company towards profitability. Following
these conversations, the Investment Adviser believes there is a route to
ensuring a successful outcome for wefox and Chrysalis's investment.

 

In recent weeks, wefox has raised approximately €20million from
shareholders, to which the Company contributed €3million in support of the
aforementioned strategy; the Investment Adviser continues to consider how best
to support wefox achieve its ambitions and is confident of continued
shareholder support for the company, if required.

 

As announced on 4 May 2024, the Company's valuation of its investment in wefox
was reduced for the period ending 31 March 2024, where it represented 14.4%
(22.1% at 31 December 2023) of the Company's net asset value.

 

-ENDS-

 

 For further information, please contact

 Media

 Montfort Communications:                        +44 (0) 7921 881 800

 Charlotte McMullen / Imogen Saunders            chrysalis@montfort.london

 Chrysalis Investment Partners LLP:              +44 (0) 20 7871 5343

 James Simpson

 G10 Capital Limited (AIFM):                     +44 (0) 20 7397 5450
 Maria Baldwin

 Liberum:                                        +44 (0) 20 3100 2000

 Chris Clarke / Darren Vickers / Owen Matthews

 Deutsche Numis:                                 +44 (0) 20 7260 1000

 Nathan Brown / Matt Goss

 Apex Administration (Guernsey) Limited:         +44 (0) 20 3530 3109

 Chris Bougourd

 

LEI: 213800F9SQ753JQHSW24

A copy of this announcement will be available on the Company's website at
https://www.chrysalisinvestments.co.uk
(https://www.chrysalisinvestments.co.uk)

The information contained in this announcement regarding the Company's
investments has been provided by the relevant underlying portfolio company and
has not been independently verified by the Company. The information contained
herein is unaudited.

This announcement is for information purposes only and is not an offer to
invest. All investments are subject to risk. Past performance is no guarantee
of future returns. Prospective investors are advised to seek expert legal,
financial, tax and other professional advice before making any investment
decision. The value of investments may fluctuate. Results achieved in the past
are no guarantee of future results. Neither the content of the Company's
website, nor the content on any website accessible from hyperlinks on its
website for any other website, is incorporated into, or forms part of, this
announcement nor, unless previously published by means of a recognised
information service, should any such content be relied upon in reaching a
decision as to whether or not to acquire, continue to hold, or dispose of,
securities in the Company.

The Company is an alternative investment fund ("AIF") for the purposes of the
AIFM Directive and as such is required to have an investment manager who is
duly authorised to undertake the role of an alternative investment fund
manager ("AIFM"). The AIFM appointed is G10 Capital Limited (part of the IQEQ
Group).

 

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